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During this period the one thing I wanted more than anything else, was a big fat epic list of all of the possible passive income flows there were.
Unfortunately no one has even until this day made a complete list. So I spent the last week getting loaded on strong Ethiopian espresso and compiling every different income stream from my head, my notes and the world wide interwebs!
PS if you want to cut to the chase you can get access to 3 of my favorite passive income thoughts here or you can check out 30 of my favorite real-life passive income businesses here.
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Ie first you need to haul ass and do something mad, eg write a quality 20,000 word ebook (insanely not passive hahahah), but then you get to sit back and enjoy seeing PayPal sale messages pop up on your websites own iPhone each morning available after sale after sale is madeon an ongoing basis and without any additional work.
Because you can see passive income flows simply come from assets, and resources are either bought with money (eg rental property) or in the case of almost all of the ideas below, purchased through sweat (eg ebook)!
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The much loved version for bloggers and content creators everywhere and to get a fantastic reasonits pretty easy to compose a 60-80 page ebook, not hard to sell say $500 worth a month through online networking, guest posting and your own SEO optimized site, and well you get to maintain a large whack of the pie after paying affiliates. Hells yeah! Continue reading .
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If you told me several years ago that this might end up being my #1 source of passive income, I would have slapped you silly and called the men in white jackets to take you away! And because back then selling products online was additional hints insanely complicated and time consuming. Pretty much as non-passive as a business gets. .
Investing is arguably the easiest way to produce passive income. The problem is most investments sound great in theory but dont work out so nicely in practice. And if you dont have much experience or access to capital, let alone the opportunity to work it all out, it can seem more or less hopeless. But, there is one smart way to invest that just might work. Continue reading >.
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Were talking a members-only multimedia-driven website here. And before I even dive into this thought on you, I must say straight up this is a looooot of work. Ive done it and it nearly killed me. Continue reading >
Ill be putting something together soon though as a working case study. But in the meantime, I really want to share this idea with you since it's quite fascinating. Continue reading >
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Im not talking about writing a blog on cats and inserting some Google Adsense up in there. Continue reading >
Think simple Google-friendly content site with a high converting inquiry type for capturing information (possibly even a free report attached to that or something else to boost conversion). Continue reading >
Build and SEO optimize a web site for people looking to convert 8mm home movies to DVD / USB. Continue reading >
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Haha, nah apps arent that expensive to get made anymore. And if you want to produce a mainly info-based program there are plenty of simple to use apps online for DIYing this for a couple hundred dollars. Continue reading >
Ive read so many blow-by-blow financial accounts of those businesses and in no way can they add up to gain, outside of the exceptional few business operators who are crafty at selecting locations, negotiating deals with vendors and efficiently outsourcing all of the leg work and maintenance. Continue reading >